The total amount of outstanding foreign-currency deposits at domestic banks stood at US$112.25 billion as of the end of May, up $1.57 billion from a month earlier, continuing its upward streak after rebounding the previous month following several months of decline.
The figure covers foreign-currency deposits held by South Korean individuals and companies, as well as foreigners who have resided in the country for at least six months and foreign companies operating here.
By currency, deposits in U.S. dollars rose by $2.24 billion to $95.56 billion, as increased volatility in exchange rates and interest rates prompted investors to set aside more funds for derivatives trading, boosting dollar inflows to securities firms.
Deposits in Japanese yen fell by $690 million to $7.52 billion, while euro deposits slipped by $280 million to $6.3 billion.
Corporate deposits increased by $2.54 billion to $97.42 billion, while those held by individuals declined by $960 million to $14.83 billion.
Copyright ⓒ Aju Press All rights reserved.
